Design of multi-objective consensus algorithm for logistics industry and transaction services

In response to the low efficiency of intelligence in traditional logistics industry and transaction services, the lack of effective consensus mechanisms, and the difficulty in fully considering the mutual influence and conflict between multiple objectives, this article adopts multi-objective consensus algorithm (MOCA) to study the optimization of objectives in the logistics industry and transaction services. Firstly, the needs and objective functions of the shipper, logistics service provider, and recipient can be modeled, and the Analytic Hierarchy Process (AHP) and exponential smoothing methods can be used for target weighting and dynamic weight adjustment. Then, the Multi-Objective Particle Swarm Optimization (MOPSO) algorithm can be introduced to balance the benefits of all parties and find the optimal solution set for the optimization objective. Finally, a consensus mechanism can be established by combining Nash equilibrium and bargaining solution game theory models to achieve fairness in cooperation among the shipper, logistics service provider, and recipient. The experiment collected daily operation records and management systems from a logistics enterprise in Wuhan from June to December 2023. The results showed that in terms of overall efficiency, MOPSO game theory reached 96.5%, an improvement of 6.3% compared to PSO (Particle Swarm Optimization) game theory, and the Benefit Fairness Index (BFI) reached 90.5%. By combining MOCA to optimize the objectives of logistics and transaction services, the intelligence efficiency is greatly improved, ensuring the maximization of benefits and satisfaction for stakeholders.

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Publication Details

Journal
Intelligent Decision Technologies
Published
2024-11-01
DOI
https://doi.org/10.3233/idt-240201
Citations
2
Primary Topic
Collaboration in agile enterprises
Type
article
Field-Weighted Citation Impact
1.46
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article

Design of multi-objective consensus algorithm for logistics industry and transaction services

Jining Yang, Min Zhang
2 citations
Intelligent Decision Technologies
Collaboration in agile enterprises
1.46
article

Design of multi-objective consensus algorithm for logistics industry and transaction services

Jining Yang, Min Zhang
article en
2 citations

Abstract

In response to the low efficiency of intelligence in traditional logistics industry and transaction services, the lack of effective consensus mechanisms, and the difficulty in fully considering the mutual influence and conflict between multiple objectives, this article adopts multi-objective consensus algorithm (MOCA) to study the optimization of objectives in the logistics industry and transaction services. Firstly, the needs and objective functions of the shipper, logistics service provider, and recipient can be modeled, and the Analytic Hierarchy Process (AHP) and exponential smoothing methods can be used for target weighting and dynamic weight adjustment. Then, the Multi-Objective Particle Swarm Optimization (MOPSO) algorithm can be introduced to balance the benefits of all parties and find the optimal solution set for the optimization objective. Finally, a consensus mechanism can be established by combining Nash equilibrium and bargaining solution game theory models to achieve fairness in cooperation among the shipper, logistics service provider, and recipient. The experiment collected daily operation records and management systems from a logistics enterprise in Wuhan from June to December 2023. The results showed that in terms of overall efficiency, MOPSO game theory reached 96.5%, an improvement of 6.3% compared to PSO (Particle Swarm Optimization) game theory, and the Benefit Fairness Index (BFI) reached 90.5%. By combining MOCA to optimize the objectives of logistics and transaction services, the intelligence efficiency is greatly improved, ensuring the maximization of benefits and satisfaction for stakeholders.

Intelligent Decision TechnologiesVol. 18(4)
Neijiang Normal University (CN)
Openalex Percentile: Top 13%
Collaboration in agile enterprises
1.46
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